Castor seed prices spurted by Rs 84 to Rs 4,493 per quintal in futures trade today as investors accumulated exposures backed up by positive physical market sentiments.
Market players mentioned the up movements in the castor seed futures prices to brisk demand from consuming industries amid tight supplies in the spot markets.
At the National Commodity and Derivatives Exchange platform, castor seed delivery for the most traded second contract August shot up by Rs 84 or 1.91 per cent to Rs 4,493 per quintal, with an open interest of 1,17,630 lots.
In a similar step, the delivery of the current contract July strengthened by Rs 77 or 1.76 per cent to Rs 4,440 per quintal, having an open interest of 43,330 lots.
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